| Overton Moore to Install 275 Charger Stations at Spec Bay Area Development
Overton Moore Properties (OMP) has commenced work on Phase II at Pacific Commons South (PCS) has commenced Phase II in Fremont. As part of the development, Overton Moore is undertaking one of the largest individual installati...
| Latest Numbers Show Construction Activity Returning to Pre-Coronavirus Levels in Many Parts of the Country
This report was provided to us by The Associated General Contractors of America
A new survey by the Associated General Contractors of America and data from construction technology firm Procore show that construction activit...
| Electric Utility Rate Optimization Tool from Gridium Saves $47,000 in Expenses at Bay Area Office Park
Gridium’s new electric utility rate optimization tool has cut approximately $47,000 in operating expenses at The Towers Emeryville, an 814k sf, Class A office park in Emeryville, which is part of a KBS client portfolio. Gridi...
| CapRock Partners Completes Second Closing of CapRock Partners Industrial Value-Add Fund III
CapRock Partners has closed a first and subsequent second closing of CapRock Partners Industrial Value-Add Fund III, totaling more than $180 mil of committed capital in the fund and co-investment vehicles. The firm’s fifth fu...
| Review of Key Provisions in Proposed California Legislation (SB-939) Impacting Commercial Real Property Owners and Developers
Jonathan N. Zweig
Cox, Castle & Nicholson LLP
There is urgency legislation pending in the State of California known as Senate Bill No. 939 (“SB-939”) that proposes to add Section 1951.9 to the Civil Code (“Sec...
| Most Employers in CBRE Study Favor Phased Return to Workplace
This report was provided by real estate services firm CBRE.
Most companies included in an analysis by CBRE plan to take a gradual, cautious approach to bringing employees back to their workplaces as governments begin to lift...
| CoStar Group to Acquire Ten-X Commercial in $190 Mil Deal
CoStar Group Inc, the publicly traded commercial real estate information provider, has agreed to acquire Ten-X Commercial for $190 mil in cash.
Ten-X was launched in 2009 with the goal of providing a digital transaction plat...
| Black Swan Reset and the Fate of Commercial Real Estate
By Elliot M. Shirwo, Founder and Principal
BridgeCore Capital Inc
We are in the grips of a global black swan event.
The COVID-19 pandemic is having a near-catastrophic impact on most sectors of the world economy. For comm...
| Resident Relief Foundation Launches Multifamily Industry Fundraising Effort to Address Impact of COVID-19 Pandemic
The Resident Relief Foundation (RRF), a nonprofit organization that provides rental assistance grants to help responsible residents pay rent during a temporary emergency, today announced the launch of the “Resident Relief Ini...
| Here are Some Tips for Landlords and Tenants on How to Re-Open Office Spaces
In an effort to better prepare clients for post-COVID-19 recovery and the eventual return to the workplace, global real estate services firm Cushman & Wakefield has released Recovery Readiness: A How-to Guide for Reopening yo...
| Bay Area Multifamily Rent Growth Tapering Off
This report was provided by Kidder Mathews
Due to the Coronavirus pandemic, six of the Bay Area’s nine counties cautiously put Shelter in Place orders into effect in early March 2020, effectively putting a halt to all non-es...
| I-680 Corridor / Tri-Valley Office 1st Quarter 2020 Market Update
This report was provided by real estate services firm Kidder Mathews
The first quarter 2020 will be forever remembered for the onset of the new Coronavirus (COVID-19). The ramifications of the virus as it relates to impactin...
| San Francisco Office Market Sees Uptick in Sublease Offerings in Q1 2020
This San Francisco 1st Quarter 2020 office report was provided by real estate services firm Kidder Mathews
The San Francisco office market experienced a rise in sublease availability and lower levels of leasing activity in Q...
| Property Owners and Businesses Suffering Financial Losses Should Consider Property Tax Appeals
In these current, crazy times, many property owners are facing a rapidly changing economic situation with the potential for significant negative financial impact to their businesses. In an effort to provide some assistance, w...
| How to Respond to Rent and Loan Payment Obligations in Light of COVID-19
Caroline W. Dreyfus
Corin M. Korenaga
Alicia N. Vaz
Cox, Castle & Nicholson LLP
As the beginning of April inches closer and the uncertainty of how long shelter at home orders will remain in ef...
| U.S. Economy Expected to Contract More than 5% Just Over the Next Two Quarters
This special commentary was written and provided by Wells Fargo Commercial Banking’s Economics Group
Jay H. Bryson
Acting Chief Economist
Wells Fargo Bank
The rapidly evolving COVID-19 outbreak and...
| California’s COVID-19 “Stay at Home Order” to Test Force Majeure Provisions in Many CRE Contracts
This column was written by the law firm of Jackson Tidus, out of Irvine.
As most of you are already aware, on Thursday, March 19, 2020, Governor Gavin Newsom issued Executive Order N-33-20, a "Stay at Home Order" intended to...
| Fresno Self-Storage Facility Trades Hands
A-American Self Storage, a 77k sf self-storage facility in Fresno was acquired by an unnamed limited liability company. The price was not disclosed.
A-American Self Storage, located at 2455 N Marks Ave, features 717 non-clim...
| Strong Demand Has MJW Investments Boosting New Fund to $500 Mil
MJW Investments is creating a $500 mil investment fund focused on value-add multifamily and student housing, co-GP/JV opportunities and distressed debt/note sales.
According to the company, the size of the fund has been inc...
| The Coronavirus—the Prognosis for U.S. Real Estate and Real Estate Finance Given Current Market Conditions
While there is only speculation about the Coronavirus’ long-term impact on the U.S. real estate and the real estate capital markets, we can anticipate the short-term consequences, starting with construction projects, accordin...